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Lockheed Martin
Acquired
The End of the Cold War
The Cold War era of arms build up in the US is over. Defense budgets are going to shrink massively, and we need to start nuclear disarmament. The then deputy defense secretary calls the CEOs of all the major prime defense contractors to a dinner in Washington at which he explicitly tells them defense spending is going to shrink hugely. He instructs the CEOs present that you all need to consolidate and start merging with one another. This doesn't happen in America. Literally a government agency just told an industry what to do. And indeed it was.
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